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Submission + - Silk Road 30,000 bitcoin auction causing stirs, what happens with it is 144,341?->

ASDFnz writes: We did not expect the US Marshals Service to release information about the auction of Silk Road bitcoin last week but in the absence of information speculation both on the markets and on the internet is building.

First Barry Silbert, Founder of SecondMarket and BitcoinTrust has tweeted that they were outbid on all blocks.

Since then Alex Walters (a former core Bitcoin developer and the then chief technology officer of Bitinstant) has posted on reddit saying “I Lost” in his $400 to $500 per coin. That post was closely followed by another reddit user saying that his bid of $451.13 per coin was also unsuccessful.

Routers is also now reporting that investment firm Pantera Capital has also been notified that their bids were also unsuccessful.

Meanwhile the actual price of bitcoins of the various exchanges has risen close to 15% from just under $600 a coin to close to $650.

In the end, we may never know who bought the confiscated coins or how much they bought them for but it does seem that it will be a pivotal point in bitcoins evolution.

It is anyone’s guess what will happen when they decide what to do with the remaining 144,341 bitcoins.

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Silk Road 30,000 bitcoin auction causing stirs, what happens with it is 144,341?

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